90 Birch Avenue, Judea, Tauranga, Bay of Plenty

90 Birch Avenue, Judea, Tauranga, Bay of Plenty Tauranga industrial with huge upside!

• Multi tenanted industrial with 5 tenancies

• Huge opportunity for rental growth here

• Strategic location close to major arterials

• Sought after Tauranga industrial sector

• Rentable area 1,059sqm (approximately)

• Land area 2,443sqm (more or less)

• Current annual net rent $113,504 + GST

This property provides a pivotal opportunity to secure a split risk investment asset that is fully occupied on various lease terms. The rentals are currently below market levels so a prime opportunity to capitalise on the upside here.

The property currently generates a total net rental income of $113,504 plus outgoings and GST per annum. However a recent market rental assessment indicates a potential net income of circa $153,000 plus GST.

The improvements comprise a circa 1970s industrial building with later additions that includes four workshop tenancies plus a rear yard tenancy with a standalone office and workshop building. The balance of the site consists of concrete and paved yard space with 16 car parks.

Situated in the tightly held Judea industrial precinct where location and ease of access is paramount, this must appeal to astute investors looking to add value and maximise the returns from this sizeable site!

Asking Price $1,995,000 plus GST (if any).